A leading pensions expert has defended London-listed Electra Private Equity, after the listed trust became the latest target for activist trade unions following a reduction in pension benefits for ex-employees of its portfolio company Lil-lets.
2 min read · 04 January 2013
As four more buyout bosses and two influential third parties go before the UK Treasury Select Committee, the industry hopes for a further damage limitation exercise. James Taylor reports.
4 min read · 04 January 2013
Sir David Walker will today publish his initial findings on how to improve transparency in private equity, as the UK industry hopes for some assistance for its embattled public image.
2 min read · 04 January 2013
The French buyout firm has brought to an end its nine-year majority ownership of Paris-listed children’s retailer Du Pareil Au Même, selling its stake through a private placement.
2 min read · 04 January 2013
Marfin, a private equity vehicle targeting south-eastern Europe, has defied expectations by raising €4 billion for its listed fund in just one week. The Greek firm, which has already raised more money than any other listed vehicle, could now hit its €5.2 billion target earlier than expected.
2 min read · 04 January 2013
The volume of secondary buyouts so far this year is already 15 percent higher than the total for the whole of 2006. Many industry observers believe this is a sign that the industry is approaching the top of the current cycle.
2 min read · 04 January 2013
Swedish mid-market firm Accent Equity Partners has raised €380 million for its latest buyout fund in a matter of weeks. The firm has already begun spending the new fund.
1 min read · 04 January 2013
European Capital, a listed affiliate of US group American Capital Strategies that invests in equity, senior and mezzanine debt, has opened its fourth office in Europe.
2 min read · 04 January 2013
The three buyout firms behind last week’s merger of UK companies the AA and Saga have moved to address concerns about a lack of transparency by releasing additional financial details of the £6.15 billion deal.
2 min read · 04 January 2013
Sir David Walker has published his recommendations on how UK private equity must improve transparency. The consultative report focuses on three areas: annual reporting by large portfolio companies; annual reporting by GPs, and the co-ordination of industry-wide performance data.
4 min read · 04 January 2013
